WaqtMoney Terms & Conditions
WaqtMoney is a professional financial service platform committed to providing fast and reliable loan services. By accessing or using our website or mobile application, you agree to comply with the following Terms and Conditions. These terms are designed to ensure transparency, security, and a smooth experience for all users.
1. Usage Terms
By visiting or registering on WaqtMoney, you are considered a "User" and agree to abide by all applicable terms. These terms constitute a legally binding agreement under the Information Technology Act, 2000 and other applicable laws of India.
WaqtMoney reserves the right to modify these terms at any time. Continued use of the platform after updates implies acceptance of revised terms. Users are encouraged to review this page regularly.
Any misuse of the platform or violation of terms may result in suspension or permanent termination of your account without prior notice.
2. Customer Eligibility
To use WaqtMoney services, users must be legally capable of entering into a contract under the Indian Contract Act, 1872. Individuals below 18 years of age or those not legally competent are not eligible.
- Minimum age must be 18 years
- Must be an Indian resident
- Must have a valid PAN card
- Must have an active bank account
- Must have a stable source of income
By accepting these terms, you confirm that all information provided is accurate and that you meet all eligibility criteria.
3. Registration & Verification
Users may access WaqtMoney as guests or registered members. However, certain services are only available to registered users. During registration, users must provide accurate and complete information.
- KYC and identity verification
- Credit score checks from authorized bureaus
- Employment and residence verification
Providing false or incomplete information may lead to account suspension or permanent termination.
4. Use of Platform
Users are responsible for maintaining the confidentiality of their account details and for all activities conducted under their account.
- Do not misuse or attempt unauthorized access
- Do not use the platform for illegal activities
- Notify immediately in case of suspicious activity
WaqtMoney reserves the right to restrict or terminate access if any misuse is detected.
5. Loan Process & Services
WaqtMoney connects users with financial partners to facilitate personal loans. Approval depends on eligibility, verification, and partner policies.
- Loan approval is subject to verification
- Loan amount is transferred to bank account
- Terms are defined in loan agreement
6. Borrower Responsibilities
Borrowers must provide accurate financial details and agree to repayment terms defined in the loan agreement.
- Provide correct bank details
- Accept approved loan terms
- Ensure timely repayment
7. Payments & Repayments
All repayments including EMIs, penalties, or charges must be paid on time. Delays may result in penalties and impact your credit score.
Payment updates may take up to a few days to reflect in your account depending on banking processes.
8. Loan Management
EMIs start after loan disbursement. Users may prepay loans if allowed, as per agreement terms.
Failure to repay may result in:
- Late payment charges
- Reporting to credit bureaus
- Account marked as default
9. Account Termination
Users may request account closure after full repayment. WaqtMoney reserves the right to terminate accounts in case of:
- Fraudulent activity
- Violation of terms
- Providing false information
WaqtMoney ensures that all actions are taken in compliance with applicable laws and user protection standards.
By continuing to use WaqtMoney, you acknowledge that you have read, understood, and agreed to all the Terms & Conditions stated above.